By David J. Webb Located as I am in “rip-off Britain”, it is a worthy question indeed whether capitalism is, in the final analysis, just fraud. Businesses should try to sell their goods for the maximum price in the market—doesn’t that make it likely that the free market is just a conduit for deception? Libertarians are generally left with vague comments along the lines of caveat emptor that ignore the fact that good value and good service are hard to find in the market, whoever one buys from. So I think the question apposite and worth considering. Take the example of Chinese fake pharmaceuticals. I suppose you could say it is a case of caveat emptor—you should know that the drugs that you purchase…
Article by The Libertarian Alliance: BLOG. Read entire story here.
